Investor news

Meridian Energy Limited's monthly operating report for the month of October 2019 is attached.

Highlights this month include:

  • In the month to 11 November 2019, national hydro storage increased from 81% to 111% of historical average
  • South Island storage sat at 108% of average and North Island storage at 120% of average on 11 November
    2019
  • Meridian’s October 2019 monthly total inflows were 97% of historical average
  • Meridian’s Waitaki catchment storage at the end of October 2019 was 91% of historical average
  • Storage in Meridian’s Waiau catchment was above average at the end of October 2019
  • National electricity demand in October 2019 was 1.5% higher than the same month last year
  • Meridian made calls under the Genesis Swaption in October 2019
  • October 2019 saw near average temperatures, with the exception of cooler conditions in the lower South
    Island. Rainfall was variable and soil moisture was near normal across most of the country
  • New Zealand Aluminium Smelter's load during October 2019 was below the contract level of 622MW
  • Meridian’s New Zealand retail sales volumes in October 2019 were 12.6% higher than October 2018

ENDS

Neal Barclay
Chief Executive
Meridian Energy Limited

For investor relations queries, please contact:
Owen Hackston
Investor Relations Manager
021 246 4772
For media queries, please contact:
Claire Shaw
Corporate Communications Manager
021 370 677